2012-12-01
2012-12-31
x los angeles
x Washington This Week

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CSPAN 2
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need, it is based on a median income calculation. and as a result of at, states like new york or california has a lot more poor people and also has a lot of rich people, so it doesn't get the same break. you get over 60% reimbursement from the feds. you get 50, you get -- i think it i you get 60. i can't remember everybody's numbers. i tried to educate myself. whereas new york, we only get 50. makes a big difference. pat moynihan who always tried to change the formulas ended up saying it is all james madison's fault. but i think that there are a couple of ings that are terribly, terribly important and don't contradict anything that you all said, weon't have a very good way of measuring adequacy of our infrastructure. we know that the chinese spend eight times a higher percentage of their gdp in infrastructure as we do in this country, and we know that that's got to make us less competitive. i think i learned from the people at the chamber here that cost of moving goods in the united states is greater in absolute dollars than it is in europer asia. therefore adding to our lack

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